In 2023, Italy led in the number of high growth enterprises in non-specialised retail stores with 605 enterprises, closely followed by Hungary with 591. Romania and Portugal reported moderate numbers, with 380 and 128 enterprises, respectively. The Czech Republic, Slovakia, and Lithuania had significantly fewer, with Lithuania experiencing a notable decline of -3.99%. Norway showed a positive shift with a 10.4% increase, while Iceland maintained a modest growth rate of 3.71%. The variations highlight Hungary as having the highest growth rate at 25.09%, contrasted by Lithuania's negative growth.
Future trends to watch include potential recovery and growth in Lithuania and further expansion in Hungary's market. The impact of digital transformation on physical retail, consumer preferences, and economic conditions might influence the future number of high growth enterprises across European countries. Monitoring changes in economic policies and retail innovation will be key to understanding anticipated shifts in 2024 and beyond.
Top countries in Number of High Growth Enterprises in Non-Specialised Stores Retail by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 605 | 2023 | +9.01% | +9.92% | View data |
| 2 | 2 Hungary | 591 | 2023 | +25.21% | +25.09% | View data |
| 3 | 3 Romania | 380 | 2023 | +6.15% | +3.43% | View data |
| 4 | 4 Portugal | 128 | 2023 | +4.92% | +5.27% | View data |
| 5 | 5 Czech Republic | 72 | 2023 | +14.29% | 0% | View data |
| 6 | 6 Slovakia | 63 | 2023 | 0% | +3.91% | View data |
| 7 | 7 Lithuania | 62 | 2023 | -1.59% | -3.99% | View data |
| 8 | 8 Latvia | 45 | 2020 | +4.65% | +4% | View data |
| 9 | 9 Norway | 41 | 2023 | +5.13% | +10.4% | View data |
| 10 | 10 Iceland | 6 | 2023 | 0% | +3.71% | View data |
